This past Monday, March 25, FHA updated the Appraisal Logging screen and Appraisal Case Transfer screen in FHA Connection. The announcement was made in FHA Info #19-03. The … more Appraisal Recording Changes Made in FHA Connection
HUD
FHA Issues Policy Guidance on Use of Third Party Verification Services
The Federal Housing Administration published Mortgagee Letter (ML) 2019-01:Third Party Verification Services, which provides guidance for the use of Third Party Verification (TPV) services as an alternative for verifying … more FHA Issues Policy Guidance on Use of Third Party Verification Services
HUD Names New Senior Advisor for HECM
Joshua Miller, PhD, joined the Office of Housing on January 28, 2019, as a Senior Advisor to Deputy Assistant Secretary for Single Family Programs Gisele Roget, with a particular … more HUD Names New Senior Advisor for HECM
FHA Postpones Implementation Date for Electronic Appraisal Delivery System
Last November, the Federal Housing Administration updated its Electronic Appraisal Delivery (EAD) system Appraisal Logging screen and its Appraisal Case Transfer screen in FHA Connection. Those changes — … more FHA Postpones Implementation Date for Electronic Appraisal Delivery System
FHA Services Available During Government Shutdown
While the Federal Housing Administration cannot insure new Home Equity Conversion Mortgages during the government shutdown, existing HECM borrowers whose loans are being serviced by FHA continue to … more FHA Services Available During Government Shutdown
FHA Operations And Systems Availability During Government Shutdown
Due to the federal government shutdown, until further notice the Federal Housing Administration’s Office of Single Family Housing and its mortgage insurance program will be operating with limited … more FHA Operations And Systems Availability During Government Shutdown
Urban Institute Encourages FHA to Release Loan Level HECM Data
The Federal Housing Administration should release more loan-level data so that researchers can better understand the risk factors that lead to losses in the Home Equity Conversion Mortgage … more Urban Institute Encourages FHA to Release Loan Level HECM Data
Breaking News: FHA Increases HECM Lending Limit to $726,525
Beginning January 1, 2019 through December 31, 2019, the national lending limit for Home Equity Conversion Mortgages will increase to $726,525 from $679,650. Details were just announced in … more Breaking News: FHA Increases HECM Lending Limit to $726,525
FHFA Raises Conventional Loan Limit to $484,350; HECM Limit Still Unknown
This week, the Federal Housing Finance Agency, regulator of Fannie Mae and Freddie Mac, announced the 2019 conventional loan limit for single-family properties will be $484,350, an increase … more FHFA Raises Conventional Loan Limit to $484,350; HECM Limit Still Unknown
HECM Second Appraisal Protocols Become Automated Effective November 30
Today, the Federal Housing Administration announced in FHA Info #18-47 that effective tomorrow, Friday, November 30, 2018, the protocols that had been in place on an interim basis for … more HECM Second Appraisal Protocols Become Automated Effective November 30